The Business Case for Work-Life
There is no doubt about the payoff for
work-life efforts. Scientific and academic research through the years has shown
that the return on investment comes in the form of lower turnover, enhanced
engagement and commitment and the ability to recruit skills and increase
productivity.
Bookmark this page and check in often to see new
examples of that research and be reminded about past studies.
In order to justify work-life efforts, whether they are programs, policy
changes, flexibility and work practices or culture change, we must look for
what’s keeping our management up at night. Here are three things that may be
keeping them up, and studies that show the value of work-life as a sleep-aid for
CEOs.
The need to recruit skills
A work-life answer: Offer flexibility.
A
Hudson poll of more than 1,600 workers found work-life balance and flexibility
were the winners when recruiting skills; compensation came in second. Says
Hudson executive
Robert Morgan, adds, “Employers can compete more effectively for talent
if they can offer work-life balance.”
SHRM.ORG,
2-08, 2-29-08
The need for more productivity
A work-life answer: Allow employees more autonomy and control.
A study by the Wake Forest U School of Medicine
has found that allowing workers to modify where, when and how the work is done
improves commitment and reduces absenteeism.
Press release, WAKE FOREST UNIV., 4-22-08
The high cost of health care
A work-life answer: Reduce employee stress.
Stress at work increased the chance of colds, flu and stomach ailments,
said a Maastricht University study that followed 8,000 employees from various
companies over a three-year period. For both men and women, a lack of freedom
to organize their own work and a lack of support from colleagues increased the
risk for the onset of prolonged fatigue by a factor 1.5 to 2. In addition to
this it was found that for men, a high emotional demand, physically demanding
work and little support from immediate supervisors increased the occurrence of
fatigue. In women on the other hand, a demanding job and conflicts were
related to the onset of fatigue.
MAASTRICHT UNIVERSITY, 4-02
A Lluminari study found less heart disease and
depression-related illness when employees had more control over their work and
their schedules. The top five work-related causes of stress and ill health for
both genders: mentally tiring work, time pressure, too many changes within the
job, not getting enough feedback on how they are doing and not having enough
influence over their job and how it is done.
LLUMINARI, 6-04
Pitney Bowes found that making employees pay a greater
share of the costs of drugs meant they just took fewer drugs. So they got
sicker, and health care costs went up. When they cut their share for chronic
diseases like diabetes and asthma they began to take them more regularly and
dramatic savings resulted.
Press release, 2004
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